Sichuan Zhengdakai New Materials Co., Ltd. announced that it will raise CNY 800,000,000 in an equity round of funding on March 8, 2023. The transaction will include participation from returning investor, Wankai New Material Co., Ltd. The registered capital of the company will increase from CNY 1,000,000,000 to CNY 1,800,000,000. The transaction has been approved approved in the 19th meeting of the company?s 1st directorate and is subject to the shareholders?

approval.